Vietnam Inflation

Vietnam: Inflation moderates further

April 23, 2012

In April, consumer prices rose 0.50% over the previous month, which was above the 0.16% increase recorded in March. Prices picked up on the back of higher transport and education costs, which more than compensated for lower prices for food and housing. Despite the monthly increase, annual inflation plunged from 14.2% in March to 10.5% in April, which marked the lowest rate since October 2010. As a result, annual average inflation edged down from 19.3% in March to 18.7% in April.

Author:Armando Ciccarelli, Head of Data Solutions

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The industrial sector performed strongly in December but grew at a more moderated pace compared to the last three months, largely reflecting a broad-based slowdown but also partly due to a reduced base-effect.